Press Releases

First National Bank Implements SunGard’s Charlotte for Trust Accounting and Investment Management

November 17, 2008 — Charlotte, NC

First National Bank (FNB) has implemented SunGard’s Charlotte trust accounting system to help the bank’s newly formed trust department attract, service and grow client relationships. A trust accounting and investment management solution for community-sized independent banks and trust companies, SunGard’s Charlotte provides portfolio management, securities processing, performance reporting and regulatory compliance.

After establishing a new trust department in May 2008, Texas-based FNB required a fast implementation and the ability to quickly and accurately transfer account data. Charlotte provides FNB with real-time reporting capabilities, integration of external documents, automated trade flow, a search and report generation tool, and custody services. FNB also uses the SunGard Transaction Network (STN) for equity trade execution and sweep account functionality, which integrates with Charlotte for trade affirmation and settlement.

Victor Tanguma, vice president and investment officer at First National Bank, said, “SunGard’s Charlotte helps us to spend more of our time servicing clients and adding value because it provides transaction accuracy, reliability and integrated functionality. In addition, SunGard has proven itself as a true partner by providing a depth of service and business knowledge that extends well beyond technology expertise. As our needs evolve, we know we can tap SunGard for additional capabilities, such as integrated wealth management, performance measurement, compliance monitoring, and client and advisor facing tools.”

“Community banks and trust companies need solutions that help them reduce the increasing complexity of operations and respond quickly to more sophisticated client needs, in order to compete and grow their businesses,” said Kevin Rafferty, president of SunGard’s wealth management business. “SunGard’s solutions help banks establish, build and strengthen long-term, trusted client relationships.”

About Charlotte
A trust accounting and investment management solution for community-sized independent community financial institutions, family offices and law offices, and non-profit organizations, Charlotte provides portfolio management, securities processing, performance reporting and regulatory compliance.

About SunGard Transaction Network
A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of multiple asset classes, including US and foreign equities, fixed income, options, mutual funds, money market funds, enhanced cash, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.

About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 25 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Charlotte and STN are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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